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DFARS Amendments: Defining Material Weakness in Contractor Systems

$49.99

This course offers a comprehensive guide on the new DFARS amendments, focusing on the definition and implications of ‘material weakness’ in contractor business systems. Learn how these changes affect compliance requirements, the responsibilities of contracting officers, and the potential consequences of non-compliance, including system disapprovals and payment withholdings.

In this course you will learn the following:
* Understand the definition and implications of “material weakness” in contractor business systems.
* Identify the key requirements and procedures for compliance with the new DFARS rule.
* Recognize the roles and responsibilities of contracting officers and contractors in addressing material weaknesses.
* Comprehend the consequences of non-compliance, including payment withholdings and system disapprovals.

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NOTE: Unless otherwise indicated, all course purchases are for access to the course for a period of 1-year.  At the end of the one year term, the course will be set to “inactive”. 

Why This Course is Important
Without this course, learners risk non-compliance with DFARS regulations, leading to financial penalties and disapproved contractor business systems.

Course Details
This is a self-paced eLearning course based on the Federal Register Document titled Defense Federal Acquisition Regulation Supplement: Definition of Material Weakness (DFARS Case 2021-D006).

Key regulatory references include:

Course SKU
FR-25-515-1